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A police-retirement fund recently sued one of Maine’s publicly traded companies, citing its fluctuating share price among the grounds for legal action. A similar discussion came up in the Jan. 23, 2006, issue of Mainebiz, in a story headed “Risky business” with the summary line, “Unhappy with their 401(k) retirement plans, police unions across Maine are asking towns to reinstate pensions.”
The trend toward 401(k) plans — which are less costly for employers and, for employees, come with all the risks and rewards of the stock market — riled some leaders. "Everyone thought they were going to be very comfortable in retirement and they were going to be able to retire at a young age,” one town manager told Mainebiz. “And then we all got slapped with the reality that the markets can go up and down."
Fun fact: In February 2006, actor William Shatner of “Star Trek” fame was hired as pitchman for the Law Offices of Joe Bornstein, a Maine lawyer who has shown a knack for marketing. “In new TV ads airing throughout Maine, Shatner implores accident victims” to call the law firm, Mainebiz reported. Shatner’s closing statement in the ads: “Tell them you mean business!”
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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